Resistance - 2078, 2090, 2100
Support - 2062, 2050, 2022
Support - 2062, 2050, 2022
- Friday's rebound from 2050 has led to channel formation on the daily chart. Given the rally in Asian and European equities on account of falling Brexit bets, the index is likely to open higher today.
- Break above 50-DMA of 2078 could result in a 2090 levels.
- On the downside, a break below channel support would add credence to the last week's retreat triggered by bearish price rsi divergence and expose trend line support at 2022 levels.
